It's a very strong statement from DK Names all but one in the alignment of the club as well 👀 Clear message to sponsors too, in effect saying we was lied to & allegations made light of to us. We're now eradicating that level of dishonesty from the club whufc.com/en/news/west-ham-u…

Impossible for Baroness Brady to stay as a judge on The Apprentice after a BBC investigation showed she had known for three years that West Ham owner David Sullivan ( she was his Vice Chair and had worked for him for decades) was banned by the FA from contacting the women’s teams because of safeguarding concerns. Brady, 57, has been spraying around legal letters to the media warning them about any suggestion she knew anything about the sex allegations involving Sullivan. Her lawyers now say that although she was aware, she was not involved, in the decision made by West Ham in conjunction with the local authority and the FA to impose the restrictions. This is belter from the lawyers; They said there was no inconsistency or hypocrisy between her support for women’s rights and working for a bloke who was perceived to present a sufficient risk to women he was prevented from contacting them.

Joint statement from Vanessa Gold and Daniel Křetínský - West Ham United FC whufc.com/en/news/west-ham-u…

FREE ARTICLE: Disgraced #WHUFC Boss Davis Sullivan Funded Care Home For Vulnerable Teenage Girls While Police Investigated Him Over Sex Offences By me (@PunchUpTom) and @danevanswrites) for @PunchUpHQ and @BylineTimes. Please like, RT, and subscribe. open.substack.com/pub/thepun…

Karren Brady stayed at West Ham despite knowing of Sullivan women's team ban bbc.in/4xqcNj3

3/3 The Insolvency Firebreak & The July Commercial Debt Cleanout David Sullivan's June 6th resignation as a director was a highly calculated legal firebreak ahead of the BBC Panorama broadcast to protect his personal estate and insulate the club. Under the UK Insolvency Act 1986, sitting directors can face severe personal financial and criminal liability for "wrongful trading" if they continue operating a business that carries unmanageable deficits with no realistic prospect of avoiding insolvency. With West Ham sitting on a record £104.2 million pre-tax loss, Sullivan proactively stepped down to strip himself of daily fiduciary liability. Simultaneously, this move protected West Ham’s multi-million-pound commercial sponsorships from being canceled under standard morality clauses following the toxic media fallout. He stepped away from daily liability, leaving his illiquid 38.8% equity intact, while clearing a completely unhindered path for Křetínský’s cash to clean up the mess. Make no mistake: clearing the immediate £90M deficit only satisfies basic EFL licensing; it does not touch the club's underlying debt mountain. The commercial banking registry shows that the operating team (Company No: 00066516) is still suffocating under a £40 million ($51 million) Barclays overdraft expiring on July 15th and an £89 million ($114 million) drawn debt to Rights and Media Funding (Charge 0049), which has racked up an unsustainable £19 million ($24 million) in annual interest fees alone. Because West Ham has been relegated, high-street banks and sports financiers will flatly refuse to roll over credit or layer fresh debt onto a second-tier club carrying a record £104.2M loss. The traditional credit lines are frozen solid. This banking wall is precisely why Křetínský’s institutional capitalization model is an absolute necessity. Moving into July, Svarc and Horský will most likely oversee an aggressive corporate debt restructuring. Backed by his immense private liquidity, Křetínský can use use his majority voting block to completely satisfy the expiring Barclays overdraft and refinance the Rights and Media debt—replacing toxic, high-interest third-party bank debt with interest-free shareholder capital. Once the interest bleed is stopped, the model shifts toward exploiting the league's infrastructure spending loophole. While Squad Cost Rules strictly limit player wage expenditure relative to football revenue, capital spent directly on upgrading the training ground or purchasing the London Stadium is 100% exempt from financial fair play limits. By converting short-term bank liabilities into long-term, exempt real estate assets, Křetínský will expand the club's legal revenue baseline—giving West Ham a permanent financial spending advantage for a top-flight return. #LondonStadium #RushGreen #FinancialFairPlay #PSR #EFL #Restructuring #Banking

FREE ARTICLE: Disgraced #WHUFC Boss Davis Sullivan Funded Care Home For Vulnerable Teenage Girls While Police Investigated Him Over Sex Offences By me (@PunchUpTom) and @danevanswrites) for @PunchUpHQ and @BylineTimes. Please like, RT, and subscribe. open.substack.com/pub/thepun…